Boeing (BA) Reaches Provisional Labor Deal with SPEEA, $6,000 Bonus Included
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: seekingalpha
- Wage Increase: The provisional agreement between Boeing and SPEEA includes a 20% increase to wage pools over 58 months, significantly enhancing the compensation for 1,600 technical employees and improving job satisfaction and retention rates.
- Bonus Incentive: The contract features a $6,000 ratification bonus aimed at motivating employees to support the new agreement, thereby increasing loyalty and fostering a positive corporate culture.
- Improved Contract Terms: The new agreement enhances contract language regarding retention ratings, flex time, and remote work, demonstrating the company's commitment to addressing employee needs and aiding in talent attraction and retention.
- Voting and Effective Date: Union members will have until 5 p.m. (CT) on January 30 to review and vote on the offer, with the new agreement set to take effect on February 1, ensuring employees have clear options and protections before the current contract expires.
Analyst Views on BA
Wall Street analysts forecast BA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BA is 249.07 USD with a low forecast of 150.00 USD and a high forecast of 285.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
16 Analyst Rating
13 Buy
2 Hold
1 Sell
Strong Buy
Current: 242.610
Low
150.00
Averages
249.07
High
285.00
Current: 242.610
Low
150.00
Averages
249.07
High
285.00
About BA
The Boeing Company is an aerospace company. Its segments include Commercial Airplanes (BCA), Defense, Space & Security (BDS), and Global Services (BGS). Its BCA segment develops, produces and markets commercial jet aircraft principally for the commercial airline industry worldwide. Its family of commercial jet aircraft in production includes the 737 narrow-body model and the 767, 777 and 787 wide-body models. Its BDS segment is engaged in the research, development, production and modification of manned and unmanned military aircraft and weapons systems for strike, surveillance and mobility. Its BGS segment provides services to its commercial and defense customers worldwide. It sustains aerospace platforms and systems with a range of products and services, including supply chain and logistics management, engineering, maintenance and modifications, upgrades and conversions, spare parts, pilot and maintenance training systems and services, technical and maintenance documents, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
